WPIL Ltd — Investor Presentation 2026

Feb 2, 2026

KRISHNA

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KUMAR
GANERIWALA
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Digitally signed by KRISHNA KUMAR GANERIWALA Date: 2026.02.02 16:05:32 +05'30'

Earnings Presentation Q3/9M-FY26

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COMPANY OVERVIEW

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Company Overview

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WPIL at a Glance

Envisions vast growth potentials in both its core markets – engineered flow control products and turnkey water projects

• WPIL Limited, incorporated in 1952, is a global leader in flow solutions, offering specialized pumps, engineering flow control products, and turnkey water projects to clients worldwide

• With over 70 years of heritage, the company combines deep engineering expertise with the ability to deliver custom-built, high-performance solutions for a variety of applications

• Leveraging its technical capabilities and engineering resources, WPIL has established a leading presence in turnkey water projects, in India and abroad

• Our state-of-the-art manufacturing facilities across the world, backed by continuous investment in R&D, enable us to maintain the highest standard of quality, innovation, and efficiency

• Through a proven buy-and-build strategy, WPIL has successfully acquired ten companies across multiple continents, expanding its product portfolio and customer base

• The company continues to strengthen its leadership in existing regions while expanding its footprint, reinforcing its position as a trusted partner for critical infrastructure projects

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Operating Revenue (INR Mn), EBITDA Margins (%)
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18,069
16,644
16,055
13,433
17.92% 18.03%
16.66% 16.19%
FY23 FY24 FY25 9M-FY26
Revenue (INR Mn) EBITDA Margins
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12 9
INR 1,300 Cr+ 48+ 1500+
Manufacturing Successful
Revenue 9M-FY2026 Countries Served Employees Globally
Facilities Acquisitions
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Earnings Presentation Q3/9M-FY26

Company Overview

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WPIL History

70+ years legacy of delivering flow solutions across the globe

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1952
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Incorporated as Johnston Pumps India Ltd., a manufacturing house for vertical/horizontal pumps, castings and valves

1992 – 2000

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Expanded domestic client range by leveraging a wide range of centrifugal pumps, while expanding and modernizing production facilities

2011 – 2012 Grew an international footprint with mid-market acquisitions in Australia (Sterling Pumps) and South Africa (APE Pumps, Mather & Platt)

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2017-2022 2024
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Consolidated by building out capabilities and order book to become one of India’s leading turn-key project players

Expanded project division to global market via acquisition of Eigenbau Pty. Ltd. in South Africa

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1983
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2001 2015

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2023
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2025

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Johnston Pumps acquired by WorthingtonPumps Inc., USA, enabling product range expansion, core technology addition, and R&D center establishment. Renamed as Worthington Pumps India Ltd.

Began aggressive expansion of product range, development of export marketsand established its turnkey project division

Cemented its position as a world player with acquisition of Italian pump conglomerate Gruppo Aturia

Divested in Rutschi, part of Gruppo Aturia, to ride nuclear pump market upcycle and strengthen cash book with 68.9 Mn Euros

Acquired MISA Srl in Italy to expand European pumping station division and PCI Africa in South Africa to enter into wastewater treatment and water project sector in Africa

*Note: While management identified turnkey water projects as a future growth area, action to build out capabilities anddeveloporderbook werenot initiatedtill 2017

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Earnings Presentation Q3/9M-FY26

Company Overview

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WPIL Board

Highly qualified Board of Directors with diverse expertise

Prakash Agarwal

Managing Director, Promoter

B-Tech from Manipal Institute of Technology, with over 20 years of experience in the overall management of the engineering industry and EPC projects.

K. K. Ganeriwala

Executive Director

B.Com (Hons), LLB, FICWA, FCS with 35 years of experience in areas of finance, accounting, taxation, law, M&A, and other aspects of corporate and operational management of the company.

B. P. Khare

Executive Director (Operations)

M.E. (Mechanical) with 45 years of experience in the pump industry in areas of design, quality, assurance, manufacturing and all related fields of operations

Debraj Roy

Executive Director (Projects)

B.E (Mechanical), M.E (Production) and PGCBM with 30+ years of cross functional experience in Project Management of large-scale projects along with the quality control and environment related works.

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Independent Directors
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Anjan Dasgupta

ex-Finance Director, BHEL Finance experience

Rakesh Amol

ex-Director, Alstom Project expertise

A. K. Pradhan

ex-MD United Bank of India Banking expertise

Samarpita Bose

Corporate communications experience

Earnings Presentation Q3/9M-FY26

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BUSINESS OVERVIEW

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Business Overview

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Group Business Structure

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INDIA ITALY SOUTH AFRICA AUSTRALIA
PRODUCT PROJECT
Gruppo Aturia
Conventional Irrigation
Engineered Municipal
Drainage Industry
Earnings Presentation Q3/9M-FY26
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Earnings Presentation Q3/9M-FY26

Business Overview

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Global Strength

Building synergies through strategic global integration

• WPIL has established a strong global presence through operations in Italy (Gruppo Aturia, Finder Pompe, and MISA Srl), South Africa (APE Pumps, Mather & Platt SA, Eigenbau, and PCI Africa), and Australia (Sterling Pumps and United Pumps)

• Each acquisition has been carefully integrated to create a cohesive, globally aligned organization that combines local market expertise with shared world-class engineering capabilities

• WPIL’s strong Indian manufacturing base forms the cornerstone of our global competitiveness, significantly optimizing each subsidiaries’ manufacturing cost structure and operational efficiency

• Similar operating guidelines for over 1,500 employees across four continents ensures consistency in quality and execution

• With leading talent, shared technologies, and localized execution, WPIL continues to deliver reliable, high-value solutions to its global customer base

• The company continues its expansion into new geographies, leveraging competencies in flow solutions and water infrastructure

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9M-FY2026 Revenue Split by Geography (%)
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South Africa
25% India
41%
INR
13,433Mn
6%
Australia
7% 28%
Italy
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2025 Total Employee Mix
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South Africa
Australia
166
50 Italy
196
~1,116
Manpower
704
India
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Earnings Presentation Q3/9M-FY26

Business Overview

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Indian Manufacturing Base

Five state-of-the-art manufacturing facilities located across the country

: Engineered Pump Division

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Kolkata

Located about 25 KM from Kolkata, the two facilities have ~60,000 M² of combined floor space

: Conventional Pump Division

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Delhi Located about 20 KM from Delhi, the plant has ~68,000 M² of floor space

: Drainage Pump Division

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Thane

Located about 21 KM from Mumbai, the plant has ~6,000 M² of floor space

: Captive Foundry Nagpur Located about 26 KM fromNagpur, the plant has ~70,000 M² of floor space

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Earnings Presentation Q3/9M-FY26

Business Overview

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Varied Range Of Applications

Diversified product portfolio catering to a widespread market segment

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INDUSTRIAL

Used in industries for a variety of purposes such as fire fighting, sewage, chemicals, pulp and paper, steel, heating/cooling of systems, washing, storage, general industry andother industrial applications.

MUNICIPAL

Water supply and drainage solutions for rural and urban utilities, including raw water intakes, treatmentplants, reservoirsand distribution networks.

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IRRIGATION

Large liftirrigation networks to providesurface water to farmers,and borehole installations for groundwater for smallerfarmers.New piped irrigationschemes for more efficientutilization of water.

ENERGY

Applications in chemical and petrochemical plants,off-shore plants, oil and gas plants, thermal power plants, and energy installations, involving cooling, drainage, dewatering, seal water, and fire fighting.

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Earnings Presentation Q3/9M-FY26

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STRATEGIC OVERVIEW

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Strategic Overview

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Multiple Triggers To Drive Growth

Strong opportunities for large organized players in this market segment

Healthy domestic market for pumps in India – USD 1.2+ billion (INR 8,500+ crore)

Jal Jeevan Mission / Atal URBAN Renewal Mission 2 water supply schemes should accelerate over the next 5 years

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Renewed focus on Irrigation will lead to new river linking and energy-efficient piped irrigation schemes to utilise water resources more effectively

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India is expected to witness an impetus in private sector industrial investment, especially in Power and Steel, to meet growing demand

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New LNG plants being installed globally due to the Ukraine crisis are pushing demand for specialized pumps, especially in energy abundant countries like Australia and Egypt

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Strong oil revenues leading to an infrastructure boom across the MENA region, beneficial to our Italian subsidiary Gruppo Aturia

Globally stable oil prices should drive investments in production capabilities and demand for API pumps

Additional Growth Drivers:

• Population growth

• Higher water-intensive food consumption

• Industrialization

• Growing public awareness about drinking water quality

• Decreasing water quality

• Lower water levels

• Environmental pressure from government bodies on wastewater discharge

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Earnings Presentation Q3/9M-FY26

Strategic Overview

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Value Proposition

Strong fundamentals support continued global growth

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Global
Forward
Operations
Dominant Player Marquee Clients Integrated by
supported by
in the Industrial from top class providing turnkey
subsidiaries, agent
Pump Sector industries solutions and
networks and
O&M services
service centers
Strong R&D
Domain expertise
recognized by Diversified
enhanced by Offers up to 50% Healthy return Improved
Govt. of India and product portfolio
global customization in ratios and zero Margin Profile
supported by cateringto vast
acquisitions& pumping segment net debt over the years
Global R&D applications
joint ventures
center in Milan
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Earnings Presentation Q3/9M-FY26

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FINANCIAL OVERVIEW

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Financial Overview

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Financial Highlights

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Q3-FY26 Standalone Performance
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23.83% INR 2,044 Mn INR 487 Mn Operating EBITDA Operating Revenue Operating EBITDA Margins INR 327 Mn 16.00% INR 3.35/Share Net Profit PAT Margins Diluted EPS

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9M-FY26 Standalone Performance
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19.96% INR 5,615 Mn INR 1,121 Mn Operating EBITDA Operating Revenue Operating EBITDA Margins INR 767 Mn 13.66% INR 7.86/Share Net Profit PAT Margins Diluted EPS

	Q1-FY25 Consolidated Performance Q3-FY26 Consolidated Performance INR 5,387 Mn Operating Revenue INR 1,125 Mn Operating EBITDA 20.88% Operating EBITDA Margins INR 756 Mn Net Profit 14.03% PAT Margins INR 5.56/Share Diluted EPS	Q1-FY25 Consolidated Performance Q3-FY26 Consolidated Performance INR 5,387 Mn Operating Revenue INR 1,125 Mn Operating EBITDA 20.88% Operating EBITDA Margins INR 756 Mn Net Profit 14.03% PAT Margins INR 5.56/Share Diluted EPS
	INR 756 Mn Net Profit	14.03% PAT Margins

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9M-FY26 Consolidated Performance
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18.03% INR 13,433 Mn INR 2,422 Mn Operating EBITDA Operating Revenue Operating EBITDA Margins INR 1,531 Mn 11.40% INR 12.05/Share Net Profit PAT Margins Diluted EPS

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Earnings Presentation Q3/9M-FY26

Financial Overview

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Q3-FY26 Highlights - Performance

Domestic product-led momentum and international business scale-up restart growth engines

Domestic Business

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• Product business revenues are up 30.0% y/y for 9M FY2026, supported by stronger margins

• Order bookings and backlog continue to improve

• Major breakthrough order received for 30 MW large pumps for Rajasthan Eastern Canal River Linking Project

• Project business remained subdued, while O&M activity showed clear pick up

International Business

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• International revenue increased to INR 822 Cr for 9M FY2026 (versus INR 454 Cr in 9M FY2025), now 61% of total revenues

• International EBITDA margins improved drastically, reaching 15.0% for the 9-month period, with strong Q3 performance

• PCI Africa secured large contracts in Q3; International project orderbook at INR 2,110 Cr

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Earnings Presentation Q3/9M-FY26

Financial Overview

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Q3-FY26 Highlights - Product

Domestic product growth accelerates; international platform gains momentum

Domestic Product

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• Revenues grew 30.0% y/y for the 9-month period

• Record order bookings during the period, supported by an exceptionally strong enquiry pipeline, providing clear medium-term revenue visibility

International Product

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• Gruppo Aturia continues to expand its position in the water segment in MENA region with new contracts

• Australian business outlook further improving, driven by announcements of new LNG projects

• WPIL Thailand delivered record Q3 revenues and continues to strengthen and grow its competitive position in the Thai market

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Earnings Presentation Q3/9M-FY26

Financial Overview

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Q3-FY26 Product Division Performance

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Product Revenue Split (INR Mn)
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2,976
2,221
1,837
1,495
1,139
726
Q3-FY25 Q3-FY26
Domestic International
QUARTERLY
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Product Revenue Split (INR Mn)
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7,512
6,446
4,859
4,338
2,108 2,653
9M-FY25 9M-FY26
Domestic International
NINE MONTHLY
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9M-FY26 Product Order Backlog Split (%)
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Domestic
41.3%
INR
10,357 Mn
58.7%
International
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Earnings Presentation Q3/9M-FY26

Financial Overview

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Q3-FY26 Highlights - Project

International project order wins strengthen medium-term revenue visibility

Domestic Project

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• Continued focus on project completion and commissioning, with execution progressing as planned

• O&M activity is gaining momentum, supporting near-term revenue stability

• Budget allocation of INR 17,000 Cr in 2025-2026 and an additional INR 67,670 Cr in 2026-2027 to provide a huge boost to Jal Jeevan Mission projects

International Project

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• PCI Africa awarded large strategic contracts – The Trans Caledon Tunnel project (ZAR 821 Mn) and the Macassar Wastewater Project (ZAR 1.175 Bn) – which significantly enhance revenues in the medium term and establish a new growth trajectory for the business

• MISA Italy has successfully completed legacy contracts and is now actively pursuing new project opportunities

• Eigenbau secured a good contract in Nigeria, building on its strong market presence in the country

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Earnings Presentation Q3/9M-FY26

Financial Overview

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Q3-FY26 Project Division Performance

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Project Revenue Split (INR Mn)
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2,411
1,595
1,507
1,449
904
Q3-FY25 Q3-FY26
Domestic International
QUARTERLY
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Project Revenue Split (INR Mn)
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5,921
5,904
2,959
5,758
2,962
9M-FY25 9M-FY26
Domestic International
NINE MONTHLY
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9M-FY26 Project Order Backlog Split (%)
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Domestic
49.6%
INR
41,943 Mn
50.4%
International
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Earnings Presentation Q3/9M-FY26

Financial Overview

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Quarterly Standalone Financial Performance

Particulars (INR Mn)	Q3-FY26	Q2-FY26	Q-o-Q	Q3-FY25	Y-o-Y
Revenue from Operations	2,044	1,759	16.2%	2,175	(6.0)%
Operating Expenses	1,557	1,407	10.7%	1,847	(15.7)%
EBITDA	487	352	38.4%	328	48.5%
EBITDA Margins (%)	23.83%	20.01%	382 bps	15.08%	875 bps
Depreciation	19	19	NA	17	11.8%
Finance Cost	97	96	1.0%	94	3.2%
Other Income	67	99	(32.3)%	60	11.7%
PBT	438	336	30.4%	277	58.1%
Taxes	111	86	29.1%	74	50.0%
PAT	327	250	30.8%	203	61.1%
PAT Margins (%)	16.00%	14.21%	179 bps	9.33%	667 bps
Other Comprehensive Incomes	6	1	NA	1	NA
Total Comprehensive Income	333	251	32.7%	204	63.2%
Diluted EPS (INR per share)	3.35	2.56	30.9%	2.08	61.1%
Earnings Presentation Q3/9M-FY26

Financial Overview

21

YTD Standalone Financial Performance

Particulars (INR Mn)	9M-FY26	9M-FY25	Y-o-Y
Revenue fromOperations	5,615	7,867	(28.6)%
Operating Expenses	4,494	6,503	(30.9)%
EBITDA	1,121	1,364	(17.8)%
EBITDA Margins (%)	19.96%	17.34%	262 bps
Depreciation	56	51	9.8%
Finance Cost	287	222	29.3%
Other Income	254	224	13.4%
PBT	1,032	1,315	(21.5)%
Taxes	265	337	(21.4)%
PAT	767	978	(21.6)%
PAT Margins (%)	13.66%	12.43%	123 bps
Other Comprehensive Incomes	6	NA	NA
Total Comprehensive Income	773	978	(21.0)%
Diluted EPS (INR per share)	7.86	10.01	(21.5)%

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Earnings Presentation Q3/9M-FY26

Financial Overview

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Quarterly Consolidated Financial Performance

Particulars (INR Mn)	Q3-FY26	Q2-FY26	Q-o-Q	Q3-FY25	Y-o-Y
Revenue from Operations	5,387	4,260	26.5%	3,816	41.2%
Operating Expenses	4,262	3,456	23.3%	3,335	27.8%
EBITDA	1,125	804	39.9%	481	NA
EBITDA Margins (%)	20.88%	18.87%	201 Bps	12.60%	828 Bps
Depreciation	102	99	3.0%	83	22.9%
Finance Cost	113	130	(13.1)%	112	0.9%
Other Income	134	131	2.3%	111	20.7%
Share of profit of an Associate and/or Joint Venture	49	9	NA	59	(16.9)%
PBT	1,093	715	52.9%	456	NA
Taxes	337	197	71.1%	85	NA
Profit/(Loss) from discontinued operations	-	-	NA	-	NA
PAT	756	518	45.9%	371	NA
PAT Margins (%)	14.03%	12.16%	187 Bps	9.72%	431 Bps
Other Comprehensive Incomes	165	299	(44.8)%	(559)	NA
Total Comprehensive Income	921	817	12.7%	(188)	NA
Diluted EPS (INR per share)	5.56	4.20	32.4%	3.21	73.2%
Earnings Presentation Q3/9M-FY26

Financial Overview

23

YTD Consolidated Financial Performance

Particulars (INR Mn)	9M-FY26	9M-FY25	Y-o-Y
Revenue fromOperations	13,433	12,350	8.8%
Operating Expenses	11,011	10,223	7.7%
EBITDA	2,422	2,127	13.9%
EBITDA Margins (%)	18.03%	17.22%	81 Bps
Depreciation	295	240	22.9%
Finance Cost	358	274	30.7%
Other Income	354	316	12.0%
Share of profitof an Associate and/or Joint Venture	89	90	(1.1)%
PBT	2,212	2,019	9.6%
Taxes	680	515	32.0%
Profit/(Loss) from discontinued operations	(1)	(1)	0.0%
PAT	1,531	1,503	1.9%
PAT Margins (%)	11.40%	12.17%	(77) Bps
Other Comprehensive Incomes	1,165	(150)	NA
Total Comprehensive Income	2,696	1,353	99.3%
Diluted EPS (INR per share)	12.05	13.34	(9.7)%
Earnings Presentation Q3/9M-FY26

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HISTORICAL FINANCIAL OVERVIEW

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HISTORICAL FINANCIAL OVERVIEW

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Standalone Financial Performance

Particulars (INR Mn)	FY23	FY24	FY25	9M-FY26
Revenue from Operations	10,024	10,769	11,477	5,615
Operating Expenses	8,264	8,839	9,469	4,494
EBITDA	1,760	1,930	2,008	1,121
EBITDA Margins (%)	17.56%	17.92%	17.50%	19.96%
Depreciation	55	70	69	56
Finance Cost	121	172	307	287
Other Income	317	304	301	254
PBT	1,901	1,992	1,933	1,032
Taxes	471	572	495	265
PAT	1,430	1,420	1,438	767
PAT Margins (%)	14.27%	13.19%	12.53%	13.66%
Other Comprehensive Incomes	(3)	1	(1)	6
Total Comprehensive Income	1,427	1,421	1,437	773
Earnings per share (EPS)	14.64	14.54	14.73	7.86

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Earnings Presentation Q3/9M-FY26

HISTORICAL FINANCIAL OVERVIEW

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Standalone Balance Sheet

Earnings Presentation Q3/9M-FY26 Particulars (INR Mn) FY24 FY25 H1-FY26 EQUITY AND LIABILITIES a) Equity Share Capital 98 98 98 b) Other Equity 7,502 8,745 8,990 Shareholders Fund 7,600 8,842 9,088 Non-Current Liabilities a) Financial Liabilities i) Borrowings 74 52 34 ii) Lease Liabilities - 78 67 iii) Provisions 66 66 73 b) Deferred tax liabilities (net) - 92 96 Total Non-current Liabilities 140 288 269 Current Liabilities a) Contract Liabilities 1,927 1,045 655 b) Financial Liabilities i) Borrowings 1,299 2,889 4,392 ii) Lease Liabilities - 22 23 iii) Trade Payables 3,635 2,836 1,391 iv) Other financial liabilities 56 84 107 c) Other current liabilities 212 57 19 d) Provisions 65 78 79 e) Current tax liabilities 101 98 248 Total Current Liabilities 7,295 7,109 6,913 Total Equity and Liabilities 15,035 16,239 16,270

Particulars (INR Mn) FY24 FY25 H1-FY26 ASSETS Non-Current Assets a) Property, Plant and Equipment 864 1,058 1,045 b) Capital Work-in-progress 22 14 48 c) Goodwill 137 137 137 d) Other Intangible Assets 4 3 3 e) Financial Assets i) Investments 490 490 490 ii) Trade Receivables 1,295 1,447 1,656 iii) Loans and Deposits 1,027 847 907 iv) Other Financial Assets 82 589 80 f) Deferred Tax Assets - - - g) Non-current Tax Assets 51 44 165 h) Other Non-current Assets 28 29 29 Total Non-current Assets 4,000 4,659 4,561 Current Assets a) Inventories 1,395 1,310 1,317 b) Contract Assets 1,268 2,366 2,644 c) Financial Assets i) Trade Receivables 6,070 6,721 5,373 ii) Cash and Cash Equivalents 169 37 155 iii) Bank balances other than (ii) above 1,713 821 1,782 iv) Other Financial Assets 88 49 145 d) Other Current Assets 332 278 293 Total Current Assets 11,035 11,581 11,709 Total Assets 15,035 16,239 16,270

HISTORICAL FINANCIAL OVERVIEW

27

Consolidated Financial Performance

Particulars (INR Mn)	FY23	FY24	FY25	9M-FY26
Revenue from Operations	16,055	16,644	18,069	13,433
Operating Expenses	13,380	13,662	15,143	11,011
EBITDA	2,674	2,982	2,925	2,422
EBITDA Margins (%)	16.66%	17.92%	16.19%	18.03%
Depreciation	279	301	334	295
Finance Cost	237	308	389	358
Other Income	240	282	373	354
Share of profit of an Associate and/or Joint Venture	27	53	91	89
PBT	2,425	2,708	2,666	2,212
Taxes	646	778	699	680
PAT on Continuing Operations	1,779	1,930	1,967	1,532
Profit/(Loss) from discontinued operations	418	4,908@	(701)*	(1)
PAT	2,197	6,838	1,266	1,531
PAT Margins (%)	11.08%	11.60%	10.89%	11.40%
Other Comprehensive Incomes	(125)	99	201	1,165
Total Comprehensive Income	2,072	6,937	1,467	2,696
Earnings per share (EPS)	16.73	17.71	17.93	12.05

* Tax Expense on Discontinued Operation (Prior Year)

@ Number includes profit on disposal of Rutschi business

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Earnings Presentation Q3/9M-FY26

HISTORICAL FINANCIAL OVERVIEW

28

Consolidated Balance Sheet

Particulars (INR Mn) FY24 FY25 H1-FY26	Particulars (INR Mn) FY24 FY25 H1-FY26 ASSETS Non-Current Assets a) Property, Plant and Equipment 3,415 3,781 4,431 b) Capital Work-in-progress 138 93 137 c) Goodwill 566 752 1,286 d) Other Intangible Assets 411 442 497 e) Investment in an Associate and/or Joint Venture 240 311 351 f) Financial Assets i) Investments 10 11 10 ii) Trade Receivables 1,295 1,447 1,986 iii) Loan and Deposits 141 149 165 iv) Other Financial Assets 706 2,555 807 g) Deferred Tax Assets (Net) 0 22 75 h) Non-current Tax Assets 80 44 165 i) Other Non-current Assets 29 96 81 Total Non-current Assets 7,031 9,702 9,991 Current Assets a) Inventories 3,700 3,741 3,920 b) Contract Assets 1,271 2,368 3,142 c) Financial Assets i) Trade Receivables 7,307 8,313 7,623 ii) Cash and Cash Equivalents 4,360 1,184 1,533 iii) Bank balances other than (ii) above 1,927 3.265 4,024 iv) Loans 1 1 11 v) Other Financial Assets 99 55 149 d) Current Tax Assets (Net) 25 26 72 e) Other Current Assets 559 670 920 Total Current Assets 19,249 19,623 21,394 Total Assets 26,280 29,325 31,385
EQUITY AND LIABILITIES
arnings Presentation Q3/9M-FY26 a) Equity Share Capital 98 98 98 b) Other Equity 12,361 13,621 14,672 Equity attributable to equity holders of the parent 12,459 13,719 14,769 c) Non-Controlling Interest 3,104 3,026 3,293 Total Equity 15,563 16,745 18,063 Liabilities Non-Current Liabilities a) Financial Liabilities i) Borrowings 265 378 451 ii) Lease Liabilities 104 193 202 iii) Other Financial Liabilities 9 22 22 b) Provisions 178 203 281 c) Deferred tax liabilities (net) 58 136 169 Total Non-current Liabilities 614 932 1,125 Current Liabilities a) Contract Liabilities 2,478 1,940 2,863 b) Financial Liabilities i) Borrowings 1,800 4,016 5,043 ii) Lease Liabilities 35 63 67 iii) Trade Payables 4,591 4,163 3,030 iv) Other financial liabilities 221 302 397 c) Other current liabilities 413 249 272 d) Provisions 136 156 178 e) Current tax liabilities 429 758 348 Total Current Liabilities 10,103 11,647 12,198 Total Equity and Liabilities 26,280 29,325 31,385

Earnings Presentation Q3/9M-FY26

HISTORICAL FINANCIAL OVERVIEW

29

Consolidated Financial Graphs

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Revenue (INR Mn) EBITDA (INR Mn), EBITDA Margins (%) PAT (INR Mn) & PAT Margins (%)
18,069
16,644
16,055
2,982 2,925
13,433 2,674 2,422 1,779 1,930 1,967
1,531
11.08% 11.60% 10.89% 11.40%
16.66% 17.92% 16.19% 18.03%
FY23 FY24 FY25 9M-FY26 FY23 FY24 FY25 9M-FY26
PAT (INR Mn) PAT Margins (%)
FY23 FY24 FY25 9M-FY26
EBITDA (INR Mn) EBITDA Margins (%)
Working Capital Days Net Debt to Equity Ratio (x) Return Ratios (%)
208
170 25.40%
22.22%
17.10%
120
79 19.48% 20.81%
17.50%
- - - -
FY23 FY24 FY25
FY23 FY24 FY25 H1-FY26
FY23 FY24 FY25 H1-FY26
ROCE (%) ROE (%)
Earnings Presentation Q3/9M-FY26
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HISTORICAL FINANCIAL OVERVIEW

30

Capital Market Information

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Stock Performance Data (As on 31 [st]
20%
December, 2025)
0%
-20%
-40%
-60%
Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25
WPIL Ltd. Sensex
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Price Data (As on 31st December, 2025)	INR
Face Value	1.0
CMP	411.2
52 Week H/L	768.0/345.6
Market Cap. (Mn)	40,157.3
No. of Share Outstanding (Mn)	97.7
Avg. Trading Volume (‘000)	73.9
Avg. Net Turnover (Mn)	34.0

Shareholding Pattern (As of 31[st] December, 2025)

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Mutual Funds FPI AIF
2.43% 5.61% 0.14%
Public
21.02%
Promoters
70.80%
Promoters Public FPI Mutual Funds AIF
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Earnings Presentation Q3/9M-FY26

DISCLAIMER

31

Disclaimer

WPIL Limited Disclaimer:

No representation or warranty, express or implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of WPIL Limited, which are expressed in good faith and in their opinion reasonable, including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment

Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments

This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration there from

This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner.

Valorem Advisors Disclaimer:

Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review

For further details, please feel free to contact our Investor Relations Representatives:

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Mr. Anuj Sonpal Valorem Advisors Tel: +91-22-49039500 Email: anuj@valoremadvisors.com Investor kit link: www.valoremadvisors.com/wpil

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Earnings Presentation Q3/9M-FY26

THANK YOU

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